đ $FTM
/USDT Technical Analysis đ
FTM/USDT has been on a strong upward move, gaining +18.29% over the past 24 hours. However, there are key levels to watch in the short-term to gauge further price action. Letâs break down the potential targets:
đŽ Target 1: 1.1364 USDT
This level represents the 24-hour high and key resistance point. If the price breaks above this, we could see further bullish momentum in the coming hours.
đą Target 2: 1.10 USDT
A slight retracement could bring FTM to the 1.10 support level, which would act as a good buying opportunity for those looking for a pullback.
đ Target 3: 1.00 USDT
In the event of a deeper correction, the psychological 1.00 level could be the next strong support to keep an eye on. This level has seen previous price action and could be a solid place for long positions.
đ Key Indicators:
24h High: 1.1364
24h Low: 0.9214
Current Price: 1.1229
Volume: 328.87M FTM / 339.67M USDT
Depth: 13.66%
đ Key Strategy: Watch for price action around the 1.1364 resistance to confirm a potential breakout. If prices start to fall, 1.10 and 1.00 could be strategic entry points for swing trades.
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